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Sunak Urged to Mend Fences With Corporate Britain in Budget.
- Source :
- Bloomberg.com; 10/26/2021, p31-31, 1p
- Publication Year :
- 2021
-
Abstract
- (Bloomberg) -- U.K. businesses are looking to Chancellorof the Exchequer Rishi Sunak to repair their strainedrelationship by doing more to spur investment and easethe burden of taxation when he delivers his budget onWednesday. Other Taxes: * The FSB called for the Employment Allowance, whichallows some companies to reduce their payroll taxes by upto 4,000 pounds a year, to be increased to 5,000 pounds * It also said a reduced 5% value-added tax rate forhospitality firms should be extended to March. Business Rates: Companies have long called for the government to overhaulbusiness rates on bricks--and-mortar premises, which theysay put town center businesses at a disadvantage toonline retailers and services. [Extracted from the article]
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Bloomberg.com
- Publication Type :
- Periodical
- Accession number :
- 153221564